Charity

A person who makes capital investments in companies in exchange for an equity stake is called a ________________.

• venture capitalist

• intrapreneur

• entrepreneur

• none of these

A very specific segment of consumers who share characteristics and, because of those characteristics, are likely to buy a particular product or service is called ____________.

• market segment

• niche market

• special market

• none of these

Entrepreneurs depend on external management for important advice in management. External management refers to _________________.

• managing external resources that can impact production processes

• managing external factors that can impact the organization such as competition, regulatory requirements and customer preferences.

• managing external resources that can affect the quality of products being produced

• none of the above

Which of the following does not describe an entrepreneur?

• innovator

• venture capitalist

• inventor

• risk-taker

According to _______________, an entrepreneur is a person bearing risks and is different from the one who is supplying capital.

• Richard Cantillon

• Joseph Schumpeter

• Francis Walker

• Peter Drucker

According to _____________, an entrepreneur is someone who perceives an opportunity and creates an organization to pursue it.

• Robert Hisrisch

• Robert Nelson

• Carol Moore

• none of these

According to a survey, many entrepreneurs account their successes to strong relationship with _____________.

• friends

• business partners

• siblings

• parents

An entrepreneur is likely to succeed if he has the following traits except _____________.

• self-motivation

• pessimism

• courage

• vision

An entrepreneur is __________.

• decisive

• patient

• knowledgeanle

• all of these

An entrepreneur has the following roles except ____________.

• mobilizes capital

• introduces innovations

• collects taxes

• organizes labor and production